D’Mart IPO subscribed 1.36 times on Day 1

D-Mart IPO oversubscribed 5.71 times on Day 2, received bids for 25.31 crore shares against the total issue size of 4.43 crore shares

Radhakishan Damani promoted Avenue Supermarts Ltd, which runs hypermarkets and supermarkets under the D-Mart brand is one of the largest and the most profitable Food &
Grocery (F&G) retailer in India, has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India to float
its initial public offering.

D-Mart IPO issue will be open for bidding from March 8 and close on 10 March. D-Mart is set to raise Rs. 1,870 crore by offering 6.23 crore shares priced between Rs
290-299, say merchant bankers to the issue.

In fiscal 2016, the firm made a profit of Rs300.21 crore on a revenue of nearly Rs8,600 crore. The company’s profit after tax rose about 50% year-on-year.

D-Mart (Avenue Supermarts) FOUNDERS
DMart is owned and operated by Avenue Supermarts Ltd. (ASL) – a company founded by Mr. Radhakishan Damani. Mr. Radhakishan Damani is respected in the business world as
an astute investor in the Indian equity market, he has built a company that constantly strives towards developing a deep understanding of customer needs and satisfying
them with the right products. A firm believer in core business fundamentals and strong ethical values, Mr. Damani has built DMart into an efficient, large and
profitable retail chain that is highly respected by customers, partners and employees alike.

D-Mart (Avenue Supermarts) OVERVIEW
DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home
utility products – including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more – available at competitive prices
that our customers appreciate. Our core objective is to offer customers good products at great value.

DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002,
DMart today has a well-established presence in 121 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh and NCR.
With our mission to be the lowest priced retailer in the regions we operate, our business continues to grow with new locations planned in more cities.

The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai.

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Disclaimer
This Blog owner & creator is not a research analyst and expressing opinion only as an Investor in Indian equities with his experience.He is not responsible for any loss arising out of any information, post or opinion appearing on this blog. Investors are advised to consult financial consultant before acting on any such information.